I’ve been a bear on crypto pretty much since it came out. I had a coworker when it was brand new trying to get me to mine it at home. I’d easily be a multi millionaire if I listened and held. I wouldn’t have, though. I’d of sold at $300 a bitcoin, and put it into index funds or something.

During COVID I had a coworker who bought bitcoin during the sub $4,000 price range drop. I’ve just never found crypto attractive, but there are a few things I think are unique about Crypto and specifically Bitcoin.

First, crypto markets are open on the weekends. Second, as something with an actual finite quantity, once they are all mined, there will never be more Bitcoin; it should eventually only continue to go up. Obviously there’s a reasonable cap to that, but as people lose access to drives and lose their wallet keys, like the guy who lost 8,000 bitcoins in a landfill. The count will decrease making it more collectable.

So, while I’ve never been a big fan of crypto, I do feel that it is more likely to climb over time than any of the other cryptos out there.

This is why I’ve decided to roll a small part of my dividends into fractions of Bitcoin. Since I’m trying to buy at least 1 share of something each day, the weekends are just dead time. I’ll end up with $10, or $15 sitting in Robinhood waiting for Monday but that’s not enough for a whole share of QQQI. So from now on I’m going to buy $5 of BTC every Saturday and Sunday.

Of course, I might do it in Kraken if anyone uses my referral links for the free money.

~~Miniwing~~
Stoic, Parent, Investor